Search found 793 matches

by Luke Duke
Wed Jan 16, 2019 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: 29 yo resident doc married need personal finance/investing advice
Replies: 27
Views: 2565

Re: 29 yo resident doc married need personal finance/investing advice

@flyer That’s a good point, I should have specified that average expense of $1500 includes restaurant, groceries, alcohol and bars.. but that could still be a high amount per month Yes, for two people, that's ridiculously high. We live in a HCOL area, and our stats for two are: - $350 Safeway groce...
by Luke Duke
Fri Jan 11, 2019 2:11 pm
Forum: Personal Consumer Issues
Topic: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?
Replies: 82
Views: 5535

Re: Anyone raised 3 kids WITHOUT buying a 3-row vehicle?

I haven't read every response to this thread, but I'm going to respond anyway since I have 3 kids (10,7,5)... You have the means to purchase any reasonably priced vehicle that you want. I definitely understand the desire for ER, but sometimes it makes sense to spend a few bucks for comfort and conve...
by Luke Duke
Wed Jan 09, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Car Battery
Replies: 48
Views: 3149

Re: Car Battery

Just buy a battery tender, hook it up and be done. No need to disconnect the battery from the vehicle. This. There are a lot of people in this thread that are overthinking this situation. Your fuel isn't going to go bad, you are highly unlikely to develop flat spots, your battery isn't going to exp...
by Luke Duke
Fri Dec 21, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 122
Views: 18276

Re: Are we in trouble?

On a separate note..... Is that only I who thinks $900K in savings at a $370K income at the age of 47 is on the low side? Plus $1.2m house in Texas? That is one biggggg house. Overall, I think, since you make a good money, you have a lot of room to turn things around fast. You just need to work out...
by Luke Duke
Fri Dec 21, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?
Replies: 44
Views: 3883

Re: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?

I would open up as many new cards with sign-up bonuses as you have $5,000 payments to make. Hitting the minimum spend requirement to get the bonus on a new card with just one purchase is awesome, and it'll be much more lucrative than 2% back on your Citi card. This is the correct answer. You could ...
by Luke Duke
Thu Dec 20, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?
Replies: 44
Views: 3883

Re: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?

Hello, I have some big ticket purchases to make over the next few months (wedding venue related) where I need to make multiple payments of $5000. I get 2% cash back with citi so I was going to use that card to pay. My citi card has a credit limit of $7.5K. I was going to try to use this card to get...
by Luke Duke
Tue Dec 18, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: Do you Report Home Improvements to County Tax Office?
Replies: 14
Views: 1153

Re: Do you Report Home Improvements to County Tax Office?

I would keep my mouth shut, but I don't know what the law states.
by Luke Duke
Wed Dec 12, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff coming in 3-6 months, questions about preparing
Replies: 20
Views: 2593

Re: Layoff coming in 3-6 months, questions about preparing

Brief background : We are DINKs in mid-to-late 30s. 3 months of expenses in liquid E-fund. I will be laid off sometime in the next 3-6 months. My company nor my direct supervisor has told me, but I have mentors/friends that are higher up in the org that have let me know that it's coming. The writin...
by Luke Duke
Thu Dec 06, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: Portable Bluetooth Speaker Recommendations (loud and good sound quality)
Replies: 33
Views: 2010

Re: Portable Bluetooth Speaker Recommendations (loud and good sound quality)

I've got a JBL Flip 4 that I like. You can sync up multiple speakers to the same source.
I've got a couple, my dad has a couple and a friend of mine has 4. I synced them up together for an outdoor movie night in my backyard a few months ago and the sound was great.
by Luke Duke
Fri Nov 30, 2018 11:34 am
Forum: Personal Consumer Issues
Topic: Robot Vacuum Cleaner?
Replies: 62
Views: 4965

Re: Robot Vacuum Cleaner?

H-Town wrote:
Fri Nov 30, 2018 11:30 am
Our dog sheds like crazy but we don't have a maid as we do the better job cleaning our house than a maid could ever do would be willing to do for the amount of money that we're willing to pay. We use an old-school vacuum, roll up our sleeves, and do the work.
fify
by Luke Duke
Fri Nov 30, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: Robot Vacuum Cleaner?
Replies: 62
Views: 4965

Re: Robot Vacuum Cleaner?

I've always wondered: if you have a pet and they have an accident, or leave a "present", what happens if the robot tries to clean it up (and then continues cleaning the rest of the house)? https://www.gannett-cdn.com/-mm-/b2690e0460272fcce981081d8cd97cdd06db6f12/c=1-0-959-720/local/-/media/2016/08/...
by Luke Duke
Thu Nov 29, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: How do value the cost of commuting?
Replies: 54
Views: 3500

Re: How do value the cost of commuting?

You would be a fool for taking the other job that you described.
by Luke Duke
Wed Nov 21, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Selling Internet domain name based on family last name.
Replies: 36
Views: 3735

Re: Selling Internet domain name based on family last name.

Quit second guessing yourself. You made about $3040 more than most people who hope to profit off of a website.
by Luke Duke
Wed Nov 21, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: Remote temperature monitoring
Replies: 24
Views: 2243

Re: Remote temperature monitoring

I recently had a furnace/ac that lost power due to a blown fuse (likely caused by a faulty ecobee thermostat). Now we have a very basic thermostat hooked up that works just fine for our needs. However, if the furnace had lost power in the winter and we were on vacation, we would have ended up with ...
by Luke Duke
Tue Nov 20, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Helping mom with inheritance. Help!
Replies: 23
Views: 2583

Re: Helping mom with inheritance. Help!

We’re getting close to the inheritance funds being transfered and I still have not defined exactly what we are going to do. I really like the idea of paying off the car first to improve her cash flow. That should hopefully help. Car pyment is $220 per month and payoff right now is $6900. 33 months ...
by Luke Duke
Tue Nov 20, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Electric wrench / screwdriver for the home auto mechanic
Replies: 27
Views: 1548

Re: Electric wrench / screwdriver for the home auto mechanic

Look at Lowe's or Home Depot for a drill/impact combo. They are all on sale right now. The Ryobi kit from Home Depot should suit your needs. I know that you didn't want cordless, but these batteries should last 5 years and you may find that you want to buy one of their other cordless tools like a le...
by Luke Duke
Wed Nov 14, 2018 10:10 am
Forum: Personal Consumer Issues
Topic: fuel for snowblower
Replies: 97
Views: 5511

Re: fuel for snowblower

There are a few convenience stores in our area that sell ethanol-free gas that is 91 octane. It is more expensive, which seems counter-intuitive, since I thought the idea of adding ethanol was to reduce the cost. In any event, that's what I use for my motorcycles and small engines (mower, snow blow...
by Luke Duke
Tue Nov 13, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Any space heaters that automatically maintain a temperature in a room!
Replies: 37
Views: 3270

Re: Any space heaters that automatically maintain a temperature in a room!

Get an electric blanket. One month I used an electric space heater to heat my home office during the day, thinking, "Why heat the whole house when I just sit in here all day and work?" Electric bill was $200 more than normal that month. In San Diego. That's impossible, unless you left it on high fo...
by Luke Duke
Tue Nov 13, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Any space heaters that automatically maintain a temperature in a room!
Replies: 37
Views: 3270

Re: Any space heaters that automatically maintain a temperature in a room!

This one? Or if not any link? PELONIS Electric Radiator Heater, 1500W Portable Oil Filled Radiator Space Heater with Digital Thermostat, 24-Hour programmable Timer, Remote Control, Safe Heater for Full Room https://www.amazon.com/dp/B07FW49D83/ref=cm_sw_r_cp_api_72L6BbN1X3X08 Get an oil filled radi...
by Luke Duke
Mon Nov 12, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Trying to move out.
Replies: 25
Views: 2030

Re: Trying to move out.

That's a lot of words. Here's a shorter version: "I'm afraid my dog and my girlfriend's dog might not get along but I want to move in with her. What should I do?" All the talk about separate crating and upstairs/downstairs is, quite frankly, crazy talk. You're not going to do that for 5+ years, or ...
by Luke Duke
Wed Nov 07, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: Do older 4x4 vehicles hold higher salvage value?
Replies: 14
Views: 1252

Re: Do older 4x4 vehicles hold higher salvage value?

Any 4WD/Diesel vehicle will be worth more than its 2WD/gas counterpart, assuming both are in identical condition.
by Luke Duke
Mon Nov 05, 2018 7:33 pm
Forum: Personal Consumer Issues
Topic: How to Encrypt a Text file?
Replies: 53
Views: 4054

Re: How to Encrypt a Text file?

Encrypting a cryptocurrency password?
by Luke Duke
Mon Nov 05, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: Home security system for vacation home
Replies: 9
Views: 830

Re: Home security system for vacation home

Without internet, you will need either a land line or a cell signal to get a monitored alarm service.
by Luke Duke
Wed Oct 31, 2018 2:35 pm
Forum: Personal Consumer Issues
Topic: When to get a new toilet?
Replies: 52
Views: 3946

Re: When to get a new toilet?

I just had a plumber recommend to me a new toilet. It was always running, and repairing it has become almost an annual affair. He said my options were either $265 to replace all the innards, or $400 to just replace it with a more modern and efficient toilet (current one is 28 years old). This new o...
by Luke Duke
Mon Oct 29, 2018 7:36 pm
Forum: Personal Consumer Issues
Topic: Tire rotation - low mileage car
Replies: 36
Views: 1946

Re: Tire rotation - low mileage car

I never rotate tires on a front wheel drive car. Discount Tire recommends keeping the tires with more tread on the rear wheels. When my fronts wear out I move the rears up front and buy 2 new tires for the rear.

I rotate tires on a RWD vehicle every other oil change.
by Luke Duke
Fri Oct 26, 2018 2:49 pm
Forum: Personal Consumer Issues
Topic: What to do with >$1000 in Amazon credits?
Replies: 57
Views: 5254

Re: What to do with >$1000 in Amazon credits?

I'm always dumbfounded when someone claims says they can't think of anything to buy on Amazon.
by Luke Duke
Tue Oct 23, 2018 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: For those who paid off house - how did you do it?
Replies: 97
Views: 7791

Re: For those who paid off house - how did you do it?

I inherited money after my Mom passed away, and before I could fritter it away on nonsense or depreciating assets like a new vehicle which I didn't need, I paid off the mortgage. That was December 2016. I still save the mortgage payment each month, but now it's in MY account not the banks!!! Make s...
by Luke Duke
Tue Oct 23, 2018 12:00 pm
Forum: Personal Consumer Issues
Topic: What to do with >$1000 in Amazon credits?
Replies: 57
Views: 5254

Re: What to do with >$1000 in Amazon credits?

I can guarantee you that the principal of you neighborhood public elementary school can email you a mile long list of things that the school needs by the end of the day.
by Luke Duke
Tue Oct 23, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: noisy generator
Replies: 60
Views: 4337

Re: noisy generator

mouses wrote:
Tue Oct 23, 2018 11:24 am
The guy was here, but I was going crazy talking to people doing another project also. My take away is the 100/200/400 whatever hours for an oil change is too long and he prefers to do that sooner.
Of course he does. Just like the Quick Lube places want you to change your oil every 3000 miles.
by Luke Duke
Fri Oct 19, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: Water Heater Install $1,800!
Replies: 110
Views: 24447

Re: Water Heater Install $1,800!

I had one replaced in January. It was partially covered by AHS but had to pay an additional $450 because stupid Illinois code disallows any kind of flexible connectors for either the water or gas. It has to be hard black steel for gas and copper for water. That makes the gas install more difficult ...
by Luke Duke
Wed Oct 17, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do with unexpected tax refund?
Replies: 27
Views: 1634

Re: What would you do with unexpected tax refund?

NextMil wrote:
Wed Oct 17, 2018 8:54 am
Add me to the list of people who say make sure the cash is real then pull the trigger on option 2, then use the $255 for option 1, then use all that cash to build an emergency fund.
This.
by Luke Duke
Wed Oct 17, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: 5% ESPP
Replies: 16
Views: 1259

Re: 5% ESPP

I don't think that its worth it for a 5% discount.
by Luke Duke
Thu Oct 04, 2018 9:28 am
Forum: Personal Consumer Issues
Topic: Accepting a Contingency Offer
Replies: 24
Views: 1542

Re: Accepting a Contingency Offer

Austin is a very hot market. The odds are good that their house will sell soon.

I misread the original post. You are the one in Austin and the potential buyer is selling a house in California.
by Luke Duke
Mon Oct 01, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: Used Car on Lot for Year and a Half
Replies: 36
Views: 3690

Re: Used Car on Lot for Year and a Half

Get them to throw in a new battery.
by Luke Duke
Tue Sep 25, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: best use of $115k
Replies: 5
Views: 1336

Re: best use of $115k

I would go with option 2. You should calculate how much an extra $86/month adds to your effective interest rate. Also, you are assuming that the PMI is tax deductible. Is that still the case for you with the doubling of the standard deduction?
by Luke Duke
Tue Sep 25, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4637

Re: Investing in the Rare Opportunity

Not sure how this became a thread about 3mil vs 7mil ... obviously 7 million buys you a lifestyle in a different league... not sure how folks are arguing this. My thoughts as well. The OP is 40. Assuming that he doesn't plan to work after this gig is up (which may not be the case), the amount of in...
by Luke Duke
Mon Sep 24, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Emotional Investor - I'm a mess and need help!
Replies: 83
Views: 6522

Re: Emotional Investor - I'm a mess and need help!

I am also 40 and my wife and I have never invested more than 25-30k/yr (plus company 401k match) and we have just about as much money as you do in our accounts (I'm ignoring your food truck, app and nursing home) from using a simple index fund based strategy. Obviously I've probably been investing f...
by Luke Duke
Mon Sep 24, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: squeaky lock and hard to turn key
Replies: 18
Views: 1077

Re: squeaky lock and hard to turn key

Get a tube of graphite and squirt it in the keyhole, insert/remove key several times, repeat as necessary.
by Luke Duke
Fri Sep 21, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 26013

Re: What is your single most expensive mistake?

Investing in a restaurant is my current costliest mistake.
I have another non-Boglehead investment currently that could surpass it. We'll see.
by Luke Duke
Fri Sep 21, 2018 2:30 pm
Forum: Personal Consumer Issues
Topic: My Very First Smartphone [Samsung Galaxy S9+] — Please Critique This Plan
Replies: 123
Views: 6848

Re: My Very First Smartphone — Please Critique This Plan

Others have already said it, but you could save a lot of money by getting an older phone. You may also prefer an iPhone to an Android.
by Luke Duke
Thu Sep 20, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 93
Views: 4526

Re: I need a chainsaw to trim branches and limbs!!

I have a manual pole saw and an Echo chain saw. The pole saw sees a lot more use.
by Luke Duke
Mon Sep 17, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Pay large medical bills - cash or HSA?
Replies: 8
Views: 573

Re: Pay large medical bills - cash or HSA?

Hi Everyone, I got two large medical bills due to a recent visit to an emergency room, each of which is "only" several hundred dollars, but not thousands, thanks to my insurance plan. To pay the bills, which methods would you recommend , cash or HSA? Paying the bills with pretax money is certainly ...
by Luke Duke
Mon Sep 17, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: New Job 1 year 401k wait, advice?
Replies: 12
Views: 1460

Re: New Job 1 year 401k wait, advice?

Are you sure that you can't contribute for one year? It is more likely that they don't match for one year.
by Luke Duke
Thu Sep 13, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: dumb dentist question - canceling whole life insurance
Replies: 19
Views: 2008

Re: dumb dentist question - canceling whole life insurance

HEDGEFUNDIE wrote:
Wed Sep 12, 2018 12:17 am

+1 to all of this, except I don't think the OP actually needs any kind of life insurance at this point in his life. He has no beneficiaries!
One risk of not having insurance now is that he could develop a condition in the future that would make him uninsurable.
by Luke Duke
Thu Sep 13, 2018 10:31 am
Forum: Personal Consumer Issues
Topic: Need burner phone for wife traveling in Italy
Replies: 24
Views: 1987

Re: Need burner phone for wife traveling in Italy

bob60014 wrote:
Thu Sep 13, 2018 8:46 am
If she has a smartphone just use the wi-fi and WhatsApp. Also check with her current provider as just have international packages available. Why go through the hassle of a new phone?
This. WhatsApp and GroupMe are a couple of app-based texting options.
by Luke Duke
Thu Sep 13, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 75
Views: 9876

Re: My daughter's inheritance.

She could retire in her 40's, she could set up future generations, she can afford to take the risk of starting her own business, she can choose to use the money to help others, etc. If I read this correctly, we're talking about $1.25M, not $12.5M. This is likely not enough money to even consider al...
by Luke Duke
Wed Sep 12, 2018 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 75
Views: 9876

Re: My daughter's inheritance.

I hope that the valuation of the deceased father's business is something that everyone concerned is comfortable with. There is more than a reasonable chance that the number you're expecting to receive is lower than it ought to be. However,this is an issue of what the ownership agreements say, and w...
by Luke Duke
Wed Sep 12, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: 1 year old birthday
Replies: 42
Views: 2001

Re: 1 year old birthday

Thank you all for your suggestions. I guess my final question at this point is, would you attend your baby's friend's birthday party if you knew it was to be held at someone's small condo? Would you think this is strange at all? I would attend only if I were good friends with the parents and if I w...